Logistics 4.0 describes the new era of change in logistics, which is due to the change taking place within the framework of Industry 4.0 in this area. In this new generation of logistics, the connection of individual elements (processes, objects and partners) along a company’s supply and value chain stands at the forefront above all else. Networking is achieved here by using modern information and communication technologies. Communication refers primarily to the exchange of data between production equipment and systems, which also makes controlling the systems in real time possible. Examples of additional components, which enhance the logistics network, include intelligent assistant systems and devices such as self-driving vehicles/autonomous driving and also cameras that independently take over work work steps and can thereby support decision-making in the processes. This leads to a higher level of flexibility, increased transparency and thereby to a higher degree of control of the processes. The described automation of many processes, possibly resulting in a lower error rate as well as a faster process flow all contribute in ways to allow both the efficiency and the effectiveness of the entire process flow to be increased.Why this is interesting for a Chief Digital Officer (CDO)?
Many classical companies are hardware companies. In order to be prepared before the Digital Tsunami, it is important to have a efficient supply chain. Additionally, digital businesses are doing drop shipments and compete with disruptors like Amazon. This is why this topic is important to a Chief Digital Officer (CDO).
See also (glossary Logistics 4.0):
Posts regarding Logistics 4.0
The basis of a Chief Digital Officer (CDO) is to develop new business areas and business models. This is summarized under the 4.0 term world or Smart Everything.
See also (glossary 4.0):
- Business 4.0
- Banking 4.0/ Smart Banking
- Industry 4.0 / Smart Factory
- City 4.0 / Smart City
- Maintenance 4.0 / Smart Maintenance
- New Work / Work 4.0
- Smart Construction / Construction 4.0
- Smart Clothes / Textile 4.0
- Smart Farming / Farming 4.0
- Smart Garden
- Smart Grid
- Smart Living / Smart Home / Living 4.0
- Logistics 4.0
- wirtschaftslexikon.gabler.de: Logistics 4.0
- MMLogistik: What is Logistics 4.0? All about of digitalization and logistics
- DigitalWiki: Logistics 4.0